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Oak Park board adopts 2025-26 budget after district finance director outlines revenue uncertainty
Summary
The Oak Park Board of Education adopted the district's 2025-26 budget after Executive Director of Business and Finance Charice Foster presented revenue and fund-balance projections and warned that state proposals could change per-pupil funding midyear.
The Oak Park Board of Education on June 9 adopted the district's 2025-26 budget after a presentation from Charice Foster, the district's executive director of business and finance, that stressed the budget remains contingent on state action.
Foster told the board she and staff project approximately $59,141,063 in expenditures for 2025-26 and are aiming to start the year with an equivalent fund balance; she warned that pending state proposals make exact revenue uncertain. "We're projecting to start up the school year with approximately $59,141,063 in expenditures to match," Foster said.
The presentation laid out three statewide proposals for the foundation allowance that would raise the per-pupil base above the district's current $9,608: Foster said the governor's plan would add about $392 per pupil and the…
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